Stop Choosing FHA: The 620 Credit Score Loan Trap

October 12, 2026

100+ MORTGAGE LENDERS, SO YOU GET THE BEST.

BARE BONES CLOSING COSTS. NO JUNK FEES.

CUSTOM GUARANTEES FOR EVERY SITUATION.

BENEFITS YOU'LL NOT FIND ANYWHERE ELSE.

HAVE BANKS COMPETE FOR YOUR BUSINESS.

Specialized In Jumbo Loans, Investor Loans, DSCR Loans, Non-QM Financing, Commercial Mortgages, and Tax-Informed Lending Strategies

Published By

David Ghazaryan

Owner / Broker / Banker

Contact Me At

(702) 766-3744

NMLS 1486726

TL;DR

Homebuyers in Nevada with a 620 credit score may be eligible for both FHA and conventional loan options.

A primary distinction between the two is the structure and duration of mortgage insurance; FHA's MIP often lasts for the loan's lifetime, while conventional PMI can be cancelled.

The choice between an FHA and conventional mortgage will influence your monthly costs, the speed at which you build equity, and your refinancing opportunities in markets like Las Vegas.

Read the full blog article here: https://www.iqratemortgages.com/blog/fha-vs-conventional-loan-in-nevada-with-a-620-credit-score

Video Transcript:

Most think a 620 score only qualifies for FHA loans. I, David Ghazaryan, build files that underwriting systems must approve. The real difference is the mortgage insurance, one is forever. Conventional's higher payment disappears, saving you so much more later. That payment difference builds your home’s value much faster now. Read the full article on my website. See links below.

Read Blog Here: https://www.iqratemortgages.com/blog/fha-vs-conventional-loan-in-nevada-with-a-620-credit-score

David Ghazaryan

Smart, Strategic, and Stress-Free Mortgages
- Expertly Crafted by David Ghazaryan

Take the Next
Step Today

or Schedule a Free Consultation

Prefer to speak with someone? Call us at (702) 766-3744

Big iQRATE Mortgage Icon